Bankruptcy and loans in Puerto Rico: an exploratory overview of their relationship

Puerto Rico has been going through a period of economic downturn since 2006, beginning a little before the global economic recession -- This paper examines the behavior of loans granted by the commercial banking sector and their relationship with the number of business bankruptcies filed in Puerto Rico between 1999 and 2011 -- Findings draw attention to the fact that from 2006, there has been a steady decline in the number of personal, commercial and mortgage loans approved by the commercial banking sector, as well as in their value -- An increase in the filing of bankruptcy is also observed -- The number of loans approved by banks in Puerto Rico show a strong correlation with the economic activity index (EAI) and other economic indicators that help to explain the island’s employment situation (total employment, labor force participation rate and unemployment rate)

• Autores: Álvarez, Marta
• Fecha de publicación: 2013
• Institución: Universidad EAFIT
• Repositorio: Repositorio EAFIT
• Idioma: spa
• OAI Identifier: oai:repository.eafit.edu.co:10784/7835
• Acceso en línea: http://hdl.handle.net/10784/7835
• Palabra clave: G21; G01; G33; E51; N36; Puerto Rico - aspectos económicos; QUIEBRA; PRÉSTAMOS; Bankruptcy; Loans
• License: Acceso abierto